China’s exports rise in November, snapping 6-month decline
China’s exports beat expectations in November, ending a six-month decline stemming from weaker global appetite for the country’s goods. Exports rose 0.5% from a year earlier in November, according to data released by the General Administration of Customs on Thursday. A median forecast of economists polled by The Wall Street Journal had expected November’s exports […]
AbbVie to acquire Cerevel Therapeutics for $8.7 billion
A sign stands outside a Abbvie facility in Cambridge, Massachusetts, May 20, 2021. Brian Snyder | Reuters AbbVie on Wednesday said it will acquire neuroscience drugmaker Cerevel Therapeutics for roughly $8.7 billion. Under the terms of the deal, AbbVie will pay $45 per share for Cerevel. AbbVie said it expects to complete the acquisition in […]
Republican debate: Christie says Trump’s China tariffs helped drive inflation
“‘ ‘You want to know what has contributed to inflation in this country? Yes, it’s more government spending. Yes, it’s the fact that we’re printing too much money. Absolutely. But it is also the increase in prices that were driven by Donald Trump’s tariffs.’” — Former N.J. Gov. Chris Christie That was former New Jersey Gov. […]
McDonald’s to open first CosMc’s spinoff restaurant this week
McDonald’s CosMc’s Restaurant. Courtesy: McDonald’s McDonald’s will open the first location of its new spinoff brand CosMc’s this week in Bolingbrook, Illinois. The fast-food giant plans to open 10 CosMc’s locations, including nine restaurants in Texas, by the end of 2024 in a test. McDonald’s will then spend a year analyzing data to decide whether […]
10,- 30-year Treasury yields end at lowest in more than three months
Treasury yields finished mixed on Wednesday, with long-dated rates slipping to their lowest since August, after data showed private-sector businesses added fewer jobs than expected last month. What happened The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 2.6 basis points to 4.601% versus 4.575% on Tuesday. Yields move in the opposite direction to prices. The […]
Wall Street CEOs say Basel 3 endgame rules will hurt Americans
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty Images Wall Street CEOs on Wednesday pushed […]
Walmart CEO Doug McMillon talks about deflation
Holiday shoppers are turning to Walmart for groceries and gifts, but CEO Doug McMillon said it’s hard to predict how sales will look in the months after the peak shopping season. In an interview with Sara Eisen that aired Wednesday on CNBC’s “Squawk on the Street,” the leader of the world’s largest retailer said higher […]
Oil prices on track for fifth straight loss
Oil futures fell on Wednesday, putting it on track for a fifth straight losing session after U.S. data showed a hefty weekly climb in domestic gasoline inventories. Traders also continued to weigh the prospects that OPEC+ will follow through with its voluntary production cuts in the first quarter of the new year. Price action West […]
Mortgage refinance demand jumps as rates fall
Homes in Hercules, California, US. Bloomberg | Bloomberg | Getty Images After surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jump-starting the refinance market. Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.17% from 7.37%, […]
Here are the rookie mistakes being made by millennial and Gen Z investors
What are young investors getting wrong these days? Our call of the day from co-founder of data provider DataTrek, Jessica Rabe, flags seven rookie investing mistakes being made by Millennial and Gen Z investors. While just 29, Rabe has spent a decade writing about and analyzing capital markets. Here goes: Trying to pick single stocks. […]
